Application Security Risk Assessment Generator for Australia

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Key Requirements PROMPT example:

Application Security Risk Assessment Template

"I need an Application Security Risk Assessment Template for a healthcare application that will process sensitive patient data, with specific focus on Australian healthcare compliance requirements and OWASP security controls to be implemented by March 2025."

Document background
The Application Security Risk Assessment Template serves as a crucial tool for organizations operating in Australia to evaluate and document the security posture of their applications. This template is designed to be used when implementing new applications, conducting periodic security reviews, or responding to significant system changes. It incorporates requirements from Australian legislation including the Privacy Act 1988, the Security of Critical Infrastructure Act 2018, and industry-specific regulations. The document provides a structured approach to identifying security risks, assessing their impact, and determining appropriate control measures. It is particularly valuable for organizations that need to demonstrate compliance with Australian privacy and data protection requirements while maintaining robust security practices.
Suggested Sections

1. 1. Introduction: Overview of the security risk assessment purpose, scope, and objectives

2. 2. Assessment Context: Description of the application being assessed, its business context, and critical functions

3. 3. Methodology: Detailed explanation of the risk assessment approach, frameworks used (e.g., OWASP), and scoring criteria

4. 4. System Architecture Overview: High-level description of the application architecture, components, and integration points

5. 5. Data Classification: Categories of data handled by the application and their sensitivity levels

6. 6. Threat Model: Identification and analysis of potential threats and attack vectors

7. 7. Vulnerability Assessment: Detailed findings from security testing and vulnerability scanning

8. 8. Risk Analysis: Evaluation of identified risks, their likelihood, and potential impact

9. 9. Compliance Requirements: Analysis of relevant regulatory and compliance obligations

10. 10. Risk Treatment Plan: Recommended security controls and mitigation strategies

11. 11. Implementation Roadmap: Prioritized timeline for implementing security improvements

12. 12. Sign-off and Approval: Formal approval section for key stakeholders

Optional Sections

1. Cloud Security Assessment: Additional section for applications hosted in cloud environments, including cloud-specific security controls and risks

2. Mobile Application Security: Specific section for mobile applications, including device-specific security considerations

3. Third-Party Integration Security: Detailed assessment of security risks related to third-party integrations and APIs

4. Privacy Impact Assessment: In-depth privacy analysis for applications handling sensitive personal information

5. Industry-Specific Controls: Additional controls and requirements specific to regulated industries (e.g., financial services, healthcare)

6. DevSecOps Analysis: Assessment of security practices in the development and deployment pipeline

Suggested Schedules

1. Appendix A: Technical Testing Results: Detailed outputs from security testing tools and vulnerability scans

2. Appendix B: Security Control Checklist: Comprehensive checklist of security controls assessed and their status

3. Appendix C: Risk Assessment Matrix: Detailed risk scoring matrix and methodology

4. Appendix D: Security Requirements Traceability: Mapping of security requirements to implemented controls

5. Appendix E: Threat Modeling Diagrams: Detailed diagrams and documentation of threat modeling exercises

6. Appendix F: Compliance Mapping: Detailed mapping of controls to specific compliance requirements

7. Schedule 1: Testing Environment Details: Specifications of the testing environment and configurations used

8. Schedule 2: Security Testing Tools: List of security testing tools used and their configurations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Healthcare

Government

Technology

Telecommunications

Education

Retail

Manufacturing

Energy and Utilities

Professional Services

Insurance

Mining and Resources

Transportation and Logistics

Media and Entertainment

Relevant Teams

Information Security

Risk Management

Compliance

IT Operations

Development

Quality Assurance

Legal

Privacy

Audit

DevSecOps

Architecture

Project Management

Infrastructure

Relevant Roles

Chief Information Security Officer

Security Architect

Application Security Engineer

Risk Manager

Compliance Manager

IT Security Analyst

Security Consultant

Privacy Officer

Information Security Manager

DevSecOps Engineer

Security Assessment Specialist

IT Auditor

Data Protection Officer

Application Developer

System Administrator

Project Manager

Quality Assurance Manager

Industries
Privacy Act 1988 (Cth): Federal legislation that regulates the handling of personal information by organizations and includes the Australian Privacy Principles (APPs). Essential for ensuring the security assessment considers privacy protection requirements.
Security of Critical Infrastructure Act 2018: Establishes a framework for managing security risks to critical infrastructure, including cybersecurity requirements for systems and applications that may interface with critical infrastructure.
Notifiable Data Breaches (NDB) Scheme: Part of the Privacy Act that requires organizations to notify individuals and the OAIC when a data breach is likely to result in serious harm. The security assessment must consider breach detection and notification capabilities.
Consumer Data Right (CDR) Rules: Legislation governing the handling and security of consumer data, particularly relevant for applications dealing with financial, utility, or telecommunications data.
Cybercrime Act 2001: Criminal code provisions relating to computer offenses and cybercrime, which inform security requirements and risk assessment criteria.
Industry-specific regulations (e.g., APRA CPS 234): Prudential Standard for financial institutions covering information security requirements, including security risk assessment requirements for financial applications.
State-based Privacy Laws: Various state-level privacy laws that may impose additional requirements for handling personal information and security assessments (e.g., Victorian Privacy and Data Protection Act 2014).
Telecommunications (Interception and Access) Act 1979: Relevant for applications handling communications data, establishing requirements for lawful interception and data access.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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